Description

Seven years after Satoshi's white paper on bitcoin and blockchain technology, evidence of multiple financial and technology insitutions reaching for intellectual property protections are evident. This course illustrates the work the Veritaseum team did last year in tracking down and analyzing all of the capital markets-related patent applications from January of 2008 until December of 2015 - a total of over 225 applications averaging 35 to 60 pages each.

Also included are DCF model worksheets to value said applications. a short summarization of each relavant application, and filing and priority dates.

The amount of money we're discussing is almost unbelievably large - measured in the quadrillions...

Which is why there's a mad dash to claim the "First to File" patent application trophy by the likes of Goldman Sachs, Bank of America, JP Morgan, IBM, NYSE and Veritaseum. One may be surprised who the front runners in that space are.

The most aggressive filer of patents and IP protection is Bank of America, although they are far from first and like Goldman Sachs, may be haunted by prior art issues...

Regardless, the sums and markets at stakes are quite large... potentially unprecedented. Patent applications filed by Goldman Sachs, Bank of America and Veritaseum can potentially be measured in hundreds of billions on a discounted cash flow basis.

Middleton is known for making predictions about the crash of markets and large financial institutions long before they occur. Aaron Elstein of Crain's New York Business said "Mr. Middleton has been startlingly accurate in the past. He forecast the collapse of the housing market in 2007, and in early 2008 warned of the demise of Bear Stearns weeks before it happened. Earlier this year, he said that Ireland's finances were in terrible shape long before Standard & Poor's got around to downgrading that nation's credit rating."[16]

I

n 2008, he founded Boom Bust Blog, and claims to have over 3000 paying subscribers.[17]

In February 2013, he won CNBC's first-ever stock draft competition, beating out six other traders.[18]

Notable Calls, Investments and Analyses

2007

In 2007, Reggie Middleton predicted the collapse of the US housing market,[19] specifically warning of potential failure in exposed banks such as Bear Stearns, Countrywide and Washington Mutual as well as prominent publicly traded home building companies including DHI, Horton and Lennar.[20] In addition, he delved into the homebuilding industry with a rare specificity in "Lennar, Voodoo Accounting & Other Things of Mystery and Myth!",[21] where he brought to the attention of the public potentially abusive use of off balance vehicles. He called for collapse of the US commercial real estate market in November 2007 [22] and GGP (General Growth Properties, then the second largest commercial mall REIT in the country) in particular,[23] who sported an investment grade rating and $60 per share equity price at the time of Reggie's prediction only to file for bankruptcy less than a year later. Reggie Middleton also actively opined on the collapse of US monoline insurers, whose share prices dropped to single digits from triple digits after Middleton's prognostications [24][25]

2008

Reggie Middleton is well known for being one of the very few to call the collapse of Bear Stearns in January 2008 [26] and the collapse of Lehman Brothers.[27]Widely known as a contrarian investor, he has gone against mainstream sentiment quite often, most notably in his call to short Goldman Sachs [28] and Apple in 2011.[29] He went bearish on the entire US regional banking sector in 2008, naming 32 banks which he felt were at risk [30]

2010

One of his most controversial calls was the impending financial collapse of a large portion of the European Union, which at the time of the initial call was highly contrarian and considered overly bearish.[31] After giving a presentation of his thoughts and analysis as the keynote speaker at ING's Valuation Conference in Amsterdam,[32] no less than six EU nations have sought bailouts due to dire financial straits. Although known primarily for his work in financial, real estate and banking matters, Middleton forecast the impending "mobile computing wars" in which he claimed Apple, Google and Microsoft will battle for supremacy in the cellular handset and tablet market.[33] He accurately called the fall of Research in Motion (RIMM), the maker of the Blackberry, now known simply as Blackberry, while it was trading over $40 per share.[34]

2011 and 2012

Reggie Middleton's most notorious prediction was the collapse of Apple's share price [35] and its loss of significant market share to Google.[36] Apple dropped nearly 40% in price while Google came close to doubling [37]

2013

Middleton has exposed cases of material omissions and misrepresentations in regard to EU bank's financial reporting, particularly as relates to debt, borrowings and encumbrances.[38]

Seven years after Satoshi's white paper on bitcoin and blockchain technology, evidence of multiple financial and technology insitutions reaching for intellectual property protections are evident. This course illustrates the work the Veritaseum team did last year in tracking down and analyzing all of the capital markets-related patent applications from January of 2008 until December of 2015 - a total of over 225 applications averaging 35 to 60 pages each.

Also included are DCF model worksheets to value said applications. a short summarization of each relavant application, and filing and priority dates.

The amount of money we're discussing is almost unbelievably large - measured in the quadrillions...

Which is why there's a mad dash to claim the "First to File" patent application trophy by the likes of Goldman Sachs, Bank of America, JP Morgan, IBM, NYSE and Veritaseum. One may be surprised who the front runners in that space are.

The most aggressive filer of patents and IP protection is Bank of America, although they are far from first and like Goldman Sachs, may be haunted by prior art issues...

Regardless, the sums and markets at stakes are quite large... potentially unprecedented. Patent applications filed by Goldman Sachs, Bank of America and Veritaseum can potentially be measured in hundreds of billions on a discounted cash flow basis.

Middleton is known for making predictions about the crash of markets and large financial institutions long before they occur. Aaron Elstein of Crain's New York Business said "Mr. Middleton has been startlingly accurate in the past. He forecast the collapse of the housing market in 2007, and in early 2008 warned of the demise of Bear Stearns weeks before it happened. Earlier this year, he said that Ireland's finances were in terrible shape long before Standard & Poor's got around to downgrading that nation's credit rating."[16]

I

n 2008, he founded Boom Bust Blog, and claims to have over 3000 paying subscribers.[17]

In February 2013, he won CNBC's first-ever stock draft competition, beating out six other traders.[18]

Notable Calls, Investments and Analyses

2007

In 2007, Reggie Middleton predicted the collapse of the US housing market,[19] specifically warning of potential failure in exposed banks such as Bear Stearns, Countrywide and Washington Mutual as well as prominent publicly traded home building companies including DHI, Horton and Lennar.[20] In addition, he delved into the homebuilding industry with a rare specificity in "Lennar, Voodoo Accounting & Other Things of Mystery and Myth!",[21] where he brought to the attention of the public potentially abusive use of off balance vehicles. He called for collapse of the US commercial real estate market in November 2007 [22] and GGP (General Growth Properties, then the second largest commercial mall REIT in the country) in particular,[23] who sported an investment grade rating and $60 per share equity price at the time of Reggie's prediction only to file for bankruptcy less than a year later. Reggie Middleton also actively opined on the collapse of US monoline insurers, whose share prices dropped to single digits from triple digits after Middleton's prognostications [24][25]

2008

Reggie Middleton is well known for being one of the very few to call the collapse of Bear Stearns in January 2008 [26] and the collapse of Lehman Brothers.[27]Widely known as a contrarian investor, he has gone against mainstream sentiment quite often, most notably in his call to short Goldman Sachs [28] and Apple in 2011.[29] He went bearish on the entire US regional banking sector in 2008, naming 32 banks which he felt were at risk [30]

2010

One of his most controversial calls was the impending financial collapse of a large portion of the European Union, which at the time of the initial call was highly contrarian and considered overly bearish.[31] After giving a presentation of his thoughts and analysis as the keynote speaker at ING's Valuation Conference in Amsterdam,[32] no less than six EU nations have sought bailouts due to dire financial straits. Although known primarily for his work in financial, real estate and banking matters, Middleton forecast the impending "mobile computing wars" in which he claimed Apple, Google and Microsoft will battle for supremacy in the cellular handset and tablet market.[33] He accurately called the fall of Research in Motion (RIMM), the maker of the Blackberry, now known simply as Blackberry, while it was trading over $40 per share.[34]

2011 and 2012

Reggie Middleton's most notorious prediction was the collapse of Apple's share price [35] and its loss of significant market share to Google.[36] Apple dropped nearly 40% in price while Google came close to doubling [37]

2013

Middleton has exposed cases of material omissions and misrepresentations in regard to EU bank's financial reporting, particularly as relates to debt, borrowings and encumbrances.[38]